Lululemon to buy work-out video maker Mirror for $500 million

FILE PHOTO: The logo for Lululemon Athletica is seen outside a retail store in New York City, U.S., March 30, 2017. REUTERS/Brendan McDermid

(Reuters) – Lululemon Athletica Inc (LULU.O) said on Monday it would buy home fitness content maker Mirror for $500 million, as the high-end yogawear company looks to cash in on booming demand for at-home fitness classes spurred by coronavirus lockdowns.

MIRROR launched in 2018 and offers weekly live classes, as well as on-demand workouts.

Reporting by Uday Sampath in Bengaluru; Editing by Aditya Soni

Source


More:  Investor buys scooter company Grow, once-promising startup

More from: | Category: M&A News